Julia Ross Company has the following internal control procedures over cash payments. Identify the internal control principle that is applicable to each procedure.

1.    Company cheques are prenumbered.

2.    The bank statement is reconciled monthly by an internal auditor.

3.    Blank cheques are stored in a safe in the finance manager's office.

4.    Only the finance manager or assistant may sign cheques.

5.    Cheque signers are not allowed to record cash payment transactions.

Required

Identify the internal control principle that is applicable to each procedure.